Category: Lexcomply

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Filing of report on Corporate Social Responsibility for FY 2020-2021 after filing Form AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS)

As another progression towards CSR Reporting and making it as a part of annual disclosure, Ministry of Corporate Affairs (MCA) vide its notification dated 11th February, 2022 has notified Companies (Accounts) Amendment Rules, 2022 which seeks to amend the Companies (Accounts) Rules, 2014. Pursuant to amendment in the Companies (Accounts) Rules, 2014 a new sub-rule […]

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Why Compliance Calendars are Important?

IMPORTANCE OF COMPLIANCE CALENDAR With the growing complexities and ever-growing areas getting under regularized phenomenon, it is always wise to have compliance calendar, whether offline or online, as the requirements are getting changes every now and then and cost of compliance is way more than cost of non-compliance. For the organization with professionals on Board, […]

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Revised dates for filing GSTR-ITC 04 under GST

Periodicity for filing of GSTR-ITC-04 pertaining to the goods dispatched to a job worker or received from a job worker or sent is revised vide notification No. 35/2021–Central Tax G.S.R. 659(E), dated 24th September, 2021  (Copy of Notification – Click) . Brief note on the same is as under:- Turnover upto Rupees 5 Crore : […]

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Ban on use of Single Use Plastic (SUP), Plastic Carry Bags/ Sheets by DPCC

The Delhi Pollution Control Committee (DPCC) has announced a ban on the entry of plastic waste into Delhi from neighboring states. The stakeholders and the general public has been asked not to keep any stock of single-use plastic after June 30, 2022. The Union Environment Ministry notified comprehensive guidelines onExtended Producer Responsibility (EPR) for plastic […]

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SUPREME COURT SETS ASIDE HC’S ORDER PUTTING STAY ON 75% QUOTA FOR HARYANA RESIDENTS IN PRIVATE JOBS

To deal with the issue of unemployment Haryana notified Haryana State Employment of Local Candidates Act, 2020 w.e.f. 15th January, 2022. The said law was introduced with a view to reserve 75% of private sector jobs for residents of the state. Faridabad Industries Association & ANR. moved to Punjab and Haryana High Court stating that […]

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Reservation in private sector – Haryana

Haryana has finally notified the Haryana State Employment of Local Candidates Act, 2020 and Haryana State Employment of Local Candidates Rules, 2021 to tackle the issue of unemployment in the State. Laws have come into force throughout the State of Haryana w.e.f. 15th January, 2022. Following points summarize the laws:- Act applies to all the […]

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The Drone Rules, 2021 replace the unmanned aircraft system rules, 2021

As per the recent notification with respect to section 5, sub-section (2) of section 10 and sections 10A, 10B and 12A of the Aircraft Act, 1934 issued by the Ministry of Civil Aviation, The Drone Rules 2021 shall be enforceable effective from 25.09.2021. The rules will replace the Unmanned Aircraft System Rules, 2021 issued on […]

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Jobs for Locals- Notifies the government of Haryana

The severity of the corona virus impact in India has not only jolted the health sector but also brought forth several doubts about the employment more specifically in private sector. The thoughtfulness of policy maker could be shown through the steps taken by the Haryana Government, who recently notifies the Haryana State Employment of Local […]

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New definition of Small Company is applicable from Financial Year 2021-22 onwards

In exercise of the powers conferred by sub-sections (1) and (2) of Section 469 of the Companies Act, 2013 (“CA, 2013”), the Central Government, vide Notification GSR 92(E) dated 01st February, 2021 has amended the Companies (Specification of Definitions Details) Rules, 2014 which shall come into force on the 1st day of April, 2021. The […]

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